Indian steel giant Tata Steel announced its financial result including Tata Steel Europe for the first quarter of the current financial year ended on June 30th.
Tata Steel posted a net profit of INR11.4 billion for the first quarter, jumping substantially from INR5.98 billon in the same period of a year ago, driven by good performance by its Indian operations and improvement at its European units.
In the first quarter, Tata Steel’s sales amounted to INR325.5 billion, falling by 3% year on year.
Meanwhile, its steel deliveries totaled 6.08 million tons in the given period of time, rising by 7.04% year on year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65855&division=A6
